Compute (A) bank discount, (B) proceeds for the following simple discount (use ordinary interest), and (C) the

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Compute (A) bank discount, (B) proceeds for the following simple discount (use ordinary interest), and (C) the effective interest rate to nearest hundredth percent. Face Value = $12,000, Discount Rate = 10%, Time = 125 days

Posted Date: May 18, 2024 11:12 AM

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Compute (A) bank discount, (B) proceeds for the following simple discount (use ordinary interest), and (C) the

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